The New York-based firm suffered a 61% second-quarter drop in profit but still beat analysts' expectations.
Pennsylvania Life Insurance has agreed to a $925,000 settlement following allegations of unsuitable annuity sales in Wisconsin.
The Lance Group specializes in school boards and municipalities and handles benefit plan analysis as well as design.
Bellatore Financial of San Jose, Calif. will purchase $540 million in assets from Nationwide Investment Advisors
The producer price index, which tracks the inflation rate for wholesalers, increased 1.4% in May.
The firm's Micro Cap Value Fund and International Opportunities Fund will close to new retail investors June 30.
The company invests in mortgage-backed securities that are backed by government-sponsored agencies.
The ETNs are designed to track the short and leveraged performance of base metals and oil.
Two of the brokerage industry's most prominent wealth managers have dumped their wirehouse broker-dealers, instead opting to become independent registered investment advisers, with more well-known advisers perhaps soon to take the same path.
Investors, bankers and real estate investment trust executives expressed cautious optimism as they gathered in New York recently to discuss commercial real estate prospects at this year's NAREIT Investor Forum.
